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Australian digital ad firm invests in iProperty

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Published Thu, Jul 31, 2014 · 10:00 PM

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[SINGAPORE] REA Group, an Australian digital advertising business and affiliate of News Corp, has come on board to become one of iProperty Group's major shareholders.

It has taken over French property portal SeLoger.com's 17.2 per cent stake, worth A$106 million (S$123 million).

With this, it is now iProperty's second largest shareholder, while international online investment firm Catcha Group remains its largest shareholder.

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